TSB has a number of mortgage calculators to help you work out the cost of its mortgages. Read on to discover how they work.
TSB mortgages have been available since 2013 when the brand took over a number of Lloyds TSB branches and all Cheltenham & Gloucester branches.
It offers mortgages to suit all lifestyles, and its website has many tools to help its customers calculate how much a mortgage would cost them in various situations.
Below, we explore how these calculators work, how to use them and what they can teach you.
Some of these calculators are available on the TSB “intermediary” website.
More mortgage calculators
How much can I borrow?
Estimate the size of mortgage that will be available to you based on factors like your income and deposit.
How much will it cost?
Estimate your monthly repayments in seconds from your mortgage amount, interest rate and duration.
How much stamp duty will I pay?
Buying a property over £125,000? Calculate how much you will pay in stamp duty with our handy calculator.
“How much can I borrow” mortgage calculator
Find out how much we could lend you as well as how much your monthly repayments might be.
You’ll begin by selecting what type of buyer you are (e.g. first-time buyer, moving home, remortgaging or buying a second home). Then, enter details of your income and outgoings. You’ll then see an estimate of how much TSB could lend you for a mortgage.
You should only take this as a ballpark figure. The exact amount will be based on a number of factors including your credit score, detailed spending history, job security etc.
This calculator will reveal what TSB mortgage is likely to be the most appropriate for you. Enter the value of the property you wish to purchase, the size of your deposit and your desired mortgage term.
You’ll then see a list of suitable mortgages, including the rates, fees and the size of your monthly repayments.
Mortgage repayment calculator
This simple calculator will tell you the size of your monthly mortgage repayments.
Simply enter the mortgage amount required, interest rate and term. The calculator works for repayment and interest-only mortgages.
Buy-to-let mortgage calculator
This calculator gives a broad indication of the maximum amount TSB could lend for a buy-to-let mortgage. Simply enter the purchase price, estimated rental income and interest rate to see the estimation. These loans are limited to a 75% loan to value ratio.
The calculator will also show you the minimum monthly rental income required to be granted a TSB buy-to-let mortgage. Simply enter the mortgage amount required and the interest rate.